Dow headed for all-time high, but then what?

Market Pulse: January 22

Last week the March 2013 Dow opened at 13,432 and closed the week at 13,576. On the daily chart we see ADX at 37.7 and rising reflecting a strong trend, MACD is bullish and Stochastics are in deep overbought territory. Taking a good look at the daily chart, think about where the Dow might be trading today if there had been no fear of the fiscal cliff.